Related Commentary  

64(1)  Schedule 24 to FA 2007 (penalties for errors) is amended as set out in subsections (2) and (3).

64(2)  After paragraph 3 insert–

“ERRORS RELATED TO AVOIDANCE ARRANGEMENTS

3A(1)  This paragraph applies where a document of a kind listed in the Table in paragraph 1 is given to HMRC by a person (“P”) and the document contains an inaccuracy which–

(a)falls within paragraph 1(2), and

(b)arises because the document is submitted on the basis that particular avoidance arrangements (within the meaning of paragraph 3B) had an effect which in fact they did not have.

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